Business Directories

Dubai Aluminium (Dubal) has completed its $1.8 billion seven-year loan, the first facility which the company has raised to fund its general business purposes in two decades, banking sources said on Thursday.
The transaction was si

The Saudi Ministry of Housing has written off SR198 million ($52.7 million) in loans given to 852 citizens, who are now dead.
Housing Minister Shuwaish Al-Duwaihi, who is also the head of the Real Estate Development Fund (REDF), c

The UAE Ministry of Finance has signed a memorandum of understanding (MoU) with Sheikh Zayed Housing Programme and Emirates Development Bank to provide housing loans to UAE citizens.
As per the deal, the ministry will offer Dh5 bi

Real estate sales in Kuwait declined for the second month in a row to KD250 million ($862.5 million) in August, a drop of 6.7 per cent month-on-month, a report said.
Real estate activity is traditionally muted in August when much

More than a quarter of respondents polled recently by compareit4me.com, a UAE-based finance comparison website, have admitted to missing a payment or making a late payment on their existing loans.
The online survey, conducted between Ju

Saudi banks provided loans totalling SR123.4 billion ($32.9 billion) to the real estate sector in the kingdom during the first quarter of this year, a report said.
Real estate loans to individuals rose by 33 per cent in Q1 2014 to

A spurt in industrial and commercial activity in the first half of the year suggests that bank lending in Bahrain is likely to grow at 10 per cent this year, reported the Gulf Daily News, our sister publication, citing a senior financial expert.

Oman's Bank Sohar, in talks to merge with larger rival Bank Dhofar, reported on Monday a 31 percent year-on-year jump in net profit for the first quarter of this year to 7.96 million rials ($20.7 million).
Net loans and advanc

About 73 per cent of Saudi citizens do not have houses of their own, a Shoura Council member said urging authorities to speed up disbursement of loans.
The Real Estate Development Fund (REDF) must speed up the disbursement of loan

Commercial banks in the UAE, a major financial hub, have been warned to help write off the debts of UAE citizens or face punitive measures, local media reported on Thursday, quoting a senior government official.
Banks must coopera